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Paytm’s board is considering a share buyback proposal on December 13

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Digital financial service provider Paym on Thursday said the board will meet on Dec. 13 to consider a share buyback proposal, taking into account the company’s liquidity position, which could be beneficial to its shareholders. Paytm has liquidity of Rs 9,182 crore, as per the latest earnings report.



A company’s liquidity is measured by its ability to convert assets into cash.

“The meeting of the company’s board of directors is scheduled for Tuesday, December 13, 2022 to consider a proposal to repurchase the company’s fully paid-up shares,” Paytm said in a BSE filing.

The company’s revenue in the last quarter was Rs 1,914 crore.

“Management believes that given the Company’s prevailing liquidity/financial position, a repurchase may be beneficial to our shareholders,” the filing reads.

The company had said at its recent analyst meeting, where it outlined key growth drivers, that it expects to turn cash flow positive in the next 12-18 months.

Paytm was listed on the stock exchange in November 2021. Paytm allotted its shares at Rs 2,150 each, valuing the company at Rs 1.39 lakh crore, but it started trading at Rs 1,950 each.

The share reached a low of Rs 441 last month. On Thursday, it closed at 508.4 apiece, down 0.28 percent from its previous closing price on the BSE.

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